London Stock Exchange Group plc (LON:LSEG) Receives Average Rating of “Buy” from Brokerages

London Stock Exchange Group plc (LON:LSEG) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is £126.17.

LSEG has been the subject of several recent analyst reports. Citigroup increased their target price on London Stock Exchange Group from £127 to £133 and gave the company a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a £133 price target on shares of London Stock Exchange Group in a report on Tuesday, November 11th. Jefferies Financial Group restated a “buy” rating and issued a £135 price objective on shares of London Stock Exchange Group in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of London Stock Exchange Group from £115 to £119 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, UBS Group reissued a “buy” rating and issued a £105 price target on shares of London Stock Exchange Group in a report on Friday, October 17th.

London Stock Exchange Group Trading Up 0.6%

Shares of LON:LSEG opened at GBX 9,052 on Thursday. The company has a market cap of £46.06 billion, a P/E ratio of 48.75, a P/E/G ratio of 1.72 and a beta of 0.41. The stock’s 50-day moving average is GBX 8,816.46 and its 200-day moving average is GBX 9,229.09. London Stock Exchange Group has a 52-week low of GBX 8,094 and a 52-week high of £121.85. The company has a debt-to-equity ratio of 47.39, a quick ratio of 0.01 and a current ratio of 1.00.

London Stock Exchange Group declared that its Board of Directors has approved a share buyback plan on Tuesday, November 4th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

London Stock Exchange Group Company Profile

LSEG is a leading global financial markets infrastructure and data provider that operates connected businesses to serve customers across the entire financial markets value chain.

With capabilities in data, indices and analytics, capital formation, trade execution, clearing and risk management, we operate at the heart of the world’s financial ecosystem and enable the sustainable growth and stability of our customers and their communities.

Together, our five business divisions – Data and Analytics, FTSE Russell, Risk Intelligence, Capital Markets and Post Trade – offer customers seamless access to global financial markets, across the trading lifecycle.

LSEG is headquartered in London and has a major presence throughout Europe, the Americas, Asia Pacific and emerging markets.